- ECONOMICS LETTERS Journal
- February 2014
Digital Object Identifier (DOI)
International Standard Serial Number (ISSN)
Electronic International Standard Serial Number (EISSN)
- The Cournot model can be seen as a reduced form of a more realistic model of capacity choice followed by price competition. We show that this is not the case if forward markets are added as their pro-competitive effects no longer hold. (c) 2014 Elsevier B.V. All rights reserved.
- capacity choice; price competition; forward markets; oligopoly